$ALGO – BEARS TAKE OVER! STEEP DROP FROM LOCAL HIGH
• REJECTION FROM $0.2911 WITH CONSISTENT SELL VOLUME
• PRICE NEAR 24H LOW AT $0.2637 – SUPPORT UNDER THREAT
$ALGO has broken its recent uptrend with a sharp reversal from the $0.2911 top. A sequence of strong red candles has pushed price to $0.2642, close to its 24h low. Volume confirms the selling pressure, with no bullish defense seen near key levels. Unless $0.2680 is reclaimed quickly, downside momentum is likely to extend.
🔻 Short Trade Setup:
• Entry: 0.2640
• TP1: 0.2550
• TP2: 0.2450
• SL: 0.2745
Momentum favors sellers, and if $0.2630 fails, a drop toward $0.25 support is expected. Trend remains bearish unless bulls break back above $0.2750.
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